Friday, November 2, 2007

Mundra Port IPO faces some rough weather: report

The Rs17.7bn Initial Public Offering (IPO) of Mundra Port and SEZ Ltd. has landed in some trouble with Dubai-based port major DP World accusing it of not making adequate disclosures in its Red Herring Prospectus (RHP) filed with market regulator SEBI. In a communication to SEBI dated Oct. 31, DP World says a framework agreement prevents Mundra Po

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